RPBAX vs. SPY
Compare and contrast key facts about T. Rowe Price Balanced Fund (RPBAX) and SPDR S&P 500 ETF (SPY).
RPBAX is managed by T. Rowe Price. It was launched on Dec 29, 1939. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPBAX or SPY.
Correlation
The correlation between RPBAX and SPY is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RPBAX vs. SPY - Performance Comparison
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Key characteristics
RPBAX:
0.29
SPY:
0.68
RPBAX:
0.51
SPY:
1.09
RPBAX:
1.09
SPY:
1.16
RPBAX:
0.30
SPY:
0.73
RPBAX:
0.98
SPY:
2.81
RPBAX:
4.56%
SPY:
4.88%
RPBAX:
13.25%
SPY:
20.30%
RPBAX:
-44.62%
SPY:
-55.19%
RPBAX:
-4.70%
SPY:
-2.66%
Returns By Period
In the year-to-date period, RPBAX achieves a 4.55% return, which is significantly higher than SPY's 1.80% return. Over the past 10 years, RPBAX has underperformed SPY with an annualized return of 3.28%, while SPY has yielded a comparatively higher 12.75% annualized return.
RPBAX
4.55%
6.83%
-1.31%
3.71%
6.13%
5.69%
3.28%
SPY
1.80%
13.00%
1.78%
13.78%
16.84%
16.59%
12.75%
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RPBAX vs. SPY - Expense Ratio Comparison
RPBAX has a 0.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RPBAX vs. SPY — Risk-Adjusted Performance Rank
RPBAX
SPY
RPBAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Balanced Fund (RPBAX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
RPBAX vs. SPY - Dividend Comparison
RPBAX's dividend yield for the trailing twelve months is around 2.11%, more than SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPBAX T. Rowe Price Balanced Fund | 2.11% | 2.22% | 2.05% | 1.98% | 1.35% | 1.51% | 2.00% | 2.34% | 1.81% | 2.00% | 2.19% | 2.10% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RPBAX vs. SPY - Drawdown Comparison
The maximum RPBAX drawdown since its inception was -44.62%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RPBAX and SPY. For additional features, visit the drawdowns tool.
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Volatility
RPBAX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Balanced Fund (RPBAX) is 2.83%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.51%. This indicates that RPBAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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